Meticulous Research® recently published an insightful report titled "Robotic Vision Market by Offering, Type (2D, 3D, 4D), Application (Welding & Soldering, Assembling & Disassembling, Material Handling, Identification & Feature Extraction), End User (Industrial, Commercial), and Geography - Global Forecasts to 2029." According to this latest publication, the robotic vision market is projected to reach $5.2 billion by 2029, growing at a CAGR of 11% from 2022 to 2029. The rising adoption of 3D vision systems in industrial robotics, along with the advent of Industry 4.0, has been fueling the market's growth. Furthermore, the demand for automated quality inspection technologies is on the rise, driving industries to implement machine vision systems in various sectors.
Download Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5408
The growth of this market is further supported by various government initiatives encouraging industrial automation, providing significant opportunities for expansion. Governments around the world are heavily investing in new technologies that enhance efficiency, such as robotic vision systems. However, the complexity of integrating robotic vision systems and the high cost of initial installations create challenges for manufacturers and developers alike. Despite these obstacles, new technological advancements, such as the integration of artificial intelligence and machine learning, along with the increasing deployment of embedded vision systems, are emerging as key trends in the market.
The robotic vision market is segmented by offering, including hardware and software solutions. Among these, the hardware segment is expected to account for the largest share in 2022, driven by the growing demand for components like CMOS imaging sensors. Industrial robots, especially those used for repetitive tasks, are increasingly incorporating these sensors. However, the software segment is expected to register a higher growth rate during the forecast period, propelled by advancements in AI and machine learning, which are improving the accuracy and efficiency of vision systems in various applications.
In terms of the type of vision systems, 3D vision systems are set to dominate the market by 2022. This growth is attributed to the increasing demand for vision-guided robotic systems, particularly in industries like automotive, food & beverage, and pharmaceuticals. The precision of these systems in conducting tasks such as quality inspection and automation is driving demand. Meanwhile, the 4D vision systems segment is anticipated to register the highest growth rate during the forecast period. The addition of time as a critical dimension in 4D systems enables more dynamic and real-time analysis of tasks, enhancing efficiency.
Browse in depth : https://www.meticulousresearch.com/product/robotic-vision-market-5408
Application-wise, robotic vision is being used for a wide range of functions, from welding and soldering to assembling, disassembling, and material handling. Of these, measurement, inspection, and testing are expected to represent the largest share of the market in 2022. The need for highly accurate quality assurance processes, combined with the growing adoption of robots in manufacturing, is driving the demand for these systems. Meanwhile, the identification and feature extraction segment is expected to register the highest growth rate during the forecast period, driven by advances in pattern recognition and image processing capabilities.
End-user industries for robotic vision systems include industrial, commercial, and government sectors. The industrial sector is expected to account for the largest share in 2022, driven by the need for increased automation in manufacturing processes. Within this sector, automotive and electronics manufacturing are major drivers of growth, as these industries require high precision and fast production lines. The commercial sector, particularly logistics and healthcare, is also expected to experience significant growth, as businesses look to improve efficiency and reduce operational costs.
Geographically, Asia-Pacific is expected to dominate the market, driven by strong government support for automation in countries like China, Japan, and South Korea. These countries are investing heavily in advanced manufacturing technologies, including robotic vision systems, to remain competitive in the global market. Europe and North America are also key markets, benefiting from strong industrial bases and a focus on innovation in industries such as automotive and healthcare. The growing demand for high-quality products and zero-defect manufacturing processes is pushing companies in these regions to adopt robotic vision systems, further boosting market growth.
Key Players:
The key players operating in the robotic vision market include FANUC Corporation (Japan), Qualcomm Technologies, Inc. (U.S.), Hexagon AB (Sweden), ABB Group (Switzerland), Teledyne Dalsa Inc. (copyright), Cognex Corporation (U.S.), Basler AG (Germany), OMRON Corporation (Japan), National Instruments Corporation (U.S.), Keyence Corporation (Japan), Sick AG (Germany), Tordivel AS (Norway), Advantech (Taiwan), ISRA Vision (Germany), Yaskawa America, Inc. (Japan), Cadence Design Systems, Inc. (U.S.), Panasonic Holdings Corporation (U.S.), Allied Vision Technologies GmbH (Germany), MVTec Software GmbH (Germany), Xenics NV (Belgium), Industrial Vision Systems Ltd (U.K.), and Apera AI (copyright).
Buy Now : https://www.meticulousresearch.com/Checkout/26421209
Key Questions Answered in the Report:
- Which are the high-growth market segments based on offering, type, application, end user, and geography?
- What was the historical market size for robotic vision?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, challenges, and trends in the robotic vision market?
- Who are the major players, and what are their market shares?
- How is the competitive landscape in the robotic vision market?
- What are the recent developments in the robotic vision market?
- What are the different strategies adopted by the major players in the robotic vision market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the robotic vision market, and how do they compete with the global players?
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research